ACLU loses key hedge fund backer

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Gelbaum's gift withdrawal has sparked speculation that the billionaire investors' finances could be in trouble.

Hedge fund veteran David Gelbaum--famed for his role in
helping build Princeton-Newport Partners into the first market
neutral hedge fund, and more recently for his clean technology
investments--recently made headlines for withdrawing his annual
$20 million gift to the American Civil Liberties Union for
2010. Gelbaum's gift withdrawal, which represents 25% of the
ACLU's annual budget and is said to be due to market
conditions, has sparked speculation that the billionaire
investors' finances could be in trouble.